Dominion Lending Centres Clearlease Reports Clearwater Seafoods LP (TSX:CLR.UN) returns to fourth-quarter profit, stronger sales

Dominion Lending Centres Clearlease Reports Clearwater Seafoods LP (TSX:CLR.UN) returns to fourth-quarter profit, stronger sales

Vancouver, B.C., Canada March 29, 2011 – Clearlease.com reports Clearwater Seafoods LP (TSX:CLR.UN) rose to a fourth-quarter profit of $1 million as the food marketer booked stronger sales results.

The Halifax-based company said revenue in the three month period ended Dec. 31 rose to $77.8 million from $68.4 million in the same period last year.

The profitable quarter was equivalent to two cents per share and compared to a loss of $2.4 million, or five cents per share, a year earlier.

The results were driven by a “healthy” 10 per cent increase in sales volumes, the company said.

Clearwater sells scallops, lobster, clams, shrimp, crab and ground fish.

For the year, the company reported a loss of $7.5 million compared to a $26.1 million profit in 2009. Sales were $291.1 million from $284.1 million.

Clearwater said in its outlook that it expects to show improved earnings and operating margins this year, with the impact of exchange rate volatility on its cash flows likely to be muted.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

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